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Ooredoo Group revenue rises 1% to QAR 7.3 bln in Q1, customer base up 6%

2020-04-30 09:15:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group said revenue for the first quarter ended 31 March increased by 1 percent to QAR 7.3 billion from QAR 7.19 billion in Q1 2019, supported by robust growth in Indonesia, Tunisia, Myanmar and other markets. That growth was partially offset by a Covid-19 impact, lower handset sales, and macroeconomic weakness in some of other markets. EBITDA declined by 5 percent year-on-year to QAR 3.02 billion from QAR 3.73 billion, hit by measures to contain the spread of Covid-19 in many territories as well as challenging market conditions in Algeria, Kuwait and Oman.

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